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Some quick links to start your Wednesday. The head of the New York Department of Financial Services is leaving … Walgreens is spending $17 billion to buy Rite-Aid … People are fleeing Illinois in droves: The state is losing one person and $50,000 in taxable revenue every seven seconds … A company aiming to be the Uber of trucks makes its debut … You have to hand it to Facebook, it’s a very smart company … The top earning dead celebrities … Apple has $206 billion in cash … Stories from self-made billionaires … Five ways to instantly connect with anyone you meet.
NEWS
- Four former employees of a debt collection operation that illegally collected $31 million have pleaded guilty and are facing up to 20 years in prison, while 11 more employees are facing similar charges in what federal prosecutors are calling the largest debt collection scam on record.
- A debt collection scam in Alabama targeting consumers who recently filed for bankruptcy protection and phony collectors using spoofing technology to make it appear they are calling from an attorney’s office.
- Millennials who are small business owners are the least likely to have graduated high school and have the highest delinquency and default rates on their credit cards.
- It appears as though the federal government is against robocalls, unless they are used for collecting on debts owed by consumers to the government itself. A proposal would allow robocalls for debt collection calls on back taxes, federally guaranteed mortgages, and student loans, among other products.
The healthiest fast food items in America
One economist weighs in on the pending Federal Reserve Board meeting
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